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WALTER AND FANNIE WANG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WALTER AND FANNIE WANG FOUNDATION (EIN 26-3315955)
Tax period
2023-09-01 to 2024-08-31
Filed
2025-03-25
IRS object ID
202500849349100115
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-03-25T12:25:54-05:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475284605PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERIC ZHANG & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 HILLVIEW CTAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263315955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WALTER AND FANNIE WANG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWALTBusinessNameControlTxt
Phone4088579829PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11133 KENDAL CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95120ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFUNG WING WANGPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone4088579829PhoneNum
Signature2025-03-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC ZHANG CPAPreparerPersonNm
PTINP00548506PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$979,638FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$4,149ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$13,759DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,759DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$17,908TotalRevAndExpnssAmt
Total Net Invst Incm$13,759TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,524AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,524AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$165TaxesRevAndExpnssAmt
Taxes Net Invst Incm$165TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$92DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$6,139OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$65OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$6,074OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,920TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$230TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,598TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$34,062ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$34,062ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,982TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$230TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$42,660TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$25,074ExcessRevenueOverExpensesAmt
Net Investment Income$13,529NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$33,420CashBOYAmt
Cash EOY$36,170CashEOYAmt
Cash EOYFMV$36,170CashEOYFMVAmt
Sav And Temp Cash Invst BOY$53,660SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,683SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,683SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$186,981CorporateStockBOYAmt
Corporate Stock EOY$189,395CorporateStockEOYAmt
Corporate Stock EOYFMV$810,627CorporateStockEOYFMVAmt
Other Investments BOY$135,594OtherInvestmentsBOYAmt
Other Investments EOY$140,399OtherInvestmentsEOYAmt
Other Investments EOYFMV$112,133OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$10,125LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,100LandBldgEquipAccumDeprecAmt
Land BOY$117LandBOYAmt
Land EOY$25LandEOYAmt
Land EOYFMV$25LandEOYFMVAmt
Total Assets BOY$409,772TotalAssetsBOYAmt
Total Assets EOY$386,672TotalAssetsEOYAmt
Total Assets EOYFMV$979,638TotalAssetsEOYFMVAmt
Other Liabilities BOY$15,389OtherLiabilitiesBOYAmt
Other Liabilities EOY$16,815OtherLiabilitiesEOYAmt
Total Liabilities BOY$15,389TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,815TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$288,956CapitalStockBOYAmt
Capital Stock EOY$288,956CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$105,427RetainedEarningBOYAmt
Retained Earning EOY$80,901RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$394,383TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$369,857TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$409,772TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$386,672TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$394,383TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$25,074ExcessRevenueOverExpensesAmt
Other Increases$548OtherIncreasesAmt
Subtotal$369,857SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$369,857TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$188InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$188SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$188TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$188TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksFUNG WING WANGIndividualWithBooksNm
Phone4088579829PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11133 KENDAL CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95120ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PYYes (1)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistributed Income PY22019UndistributedIncomePY2Yr
Undistr Incm Sect4942a2 Not AppYes (1)UndistrIncmSect4942a2NotAppInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALTER C WANG
1133 KENDAL CTSAN JOSECA95120PRESIDENT3.00$0$0$0
FUNG WING WANG
1133 KENDAL CTSAN JOSECA95120VICE PRESIDENT3.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SEE GENERAL EXPLANATIONDescription1Txt
Expenses1$5,325Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$835,101AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,714AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$901,815TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$901,815AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,527CashDeemedCharitableAmt
Net Vl Noncharitable Assets$888,288NetVlNoncharitableAssetsAmt
Minimum Investment Return$44,414MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$44,414MinimumInvestmentReturnAmt
Tax Based On Investment Income$188TaxBasedOnInvestmentIncomeAmt
Total Tax$188TotalTaxAmt
Distributable Before Adj$44,226DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$44,226DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$44,226DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$42,660ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$42,660QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$44,226DistributableAsAdjustedAmt
Undistributed Income PY$28,385UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$42,660QualifyingDistributionsAmt
Applied To Year1$28,385AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$14,275AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$29,951UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWALTER C WANGContributingManagerNm
Contributing ManagerFUNG WING WANGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
LELAND HIGH SCHOOL
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$1,467
LELAND BRIDGE PARENT CLUB
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$1,000
LELAND HIGH SCHOOL PARENT
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$1,021
BRET HEARTE EDUCATIONAL ASSOCIATION
7050 BRET HARTE DRIVESAN JOSECA95120N/APCDONATION$1,531
KHAN ACADEMY
PO BOX 1630MOUNTAIN VIEWCA940421630N/APCDONATION$1,041
SAN JOSE CHINESE CATHOLIC MISSION
725 WASHINGTON STREETSANTA CLARACA95050N/A501(C)(3)DONATION$2,545
STANDFORD UNIVERSITY
450 SERRA MALL STANFORDSTANDFORDCA94305N/APCDONATION$1,000
USC VITERBI SCHOOL OF ENGINEERING
UNIVERSITY PARK CAMPUS ALM 2NDLOS ANGELESCA90089N/APCDONATION$23,000FLOOR MC 0461
DIOCESE OF SAN JOSE
1150 NORTH FIRST STREET SUITE 100SAN JOSECA95112N/A501(C)(3)DONATION$1,200
ROLCC YOUTH
1177 LAURELWOOD RDSANTA CLARACA95054N/APCDONATION$205
SANTA CLARA SCHOOLS FOUNDATION (MACDONALD FOOTBALL)
PO BOX 1369SANTA CLARACA95052N/APCDONATION$52
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$34,062TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,759ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$13,759ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,759TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$2,524Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,524DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (11 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
FURNITURE2011-03-01$1,337$1,337SL7.000000000000$0$0
FURNITURE2016-11-05$394$384SL7.000000000000$10$0
FURNITURE2016-12-14$335$323SL7.000000000000$12$0
FURNITURE2018-01-09$500$405SL7.000000000000$70$0
EQUIPMENT2015-09-21$923$923SL5.000000000000$0$0
EQUIPMENT2014-09-01$552$552SL3.000000000000$0$0
EQUIPMENT2014-03-17$219$219SL3.000000000000$0$0
EQUIPMENT2013-08-24$1,547$1,547SL3.000000000000$0$0
EQUIPMENT2014-03-17$2,048$2,048SL3.000000000000$0$0
LAPTOP2018-12-07$878$878200DB5.000000000000$0$0
LAPTOP2018-12-12$1,392$1,392200DB5.000000000000$0$0

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierSUMMARY OF DIRECT CHARITABLE ACTIVITIESIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VIII-AFormAndLineReferenceDesc
Medium ExplanationTHE MISSION OF OUR PRIVATE FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE, HEALTH AND EDUCATION OF CHILDREN AROUND THE WORLD. WE'VE MADE GRANTS TO SUPPORT DIFFERENT PROGRAMS LIKE SPEECH AND DEBATE, MUSIC AND SPORTS PROGRAMS IN MIDDLE SCHOOLS, HIGH SCHOOLS AND UNIVERSITIES AND CHILDREN'S PROGRAMS AT DIFFERENT CHURCHES. WE'VE ALSO SET UP A FAMILY ENDOWMENT SCHOLARSHIP AT THE UNIVERSITY OF SOUTHERN CALIFORNIA. TO FURTHER CONTRIBUTE TO THE EDUCATION OF KIDS IN THE BAY AREA, WE'VE ALSO SET UP TWO DBA'S IN MAY 2023, BAY AREA STEM ACADEMY (BASA) AND ALMADEN COMMUNITY BASKETBALL (ACB). BASA'S MISSION IS TO PROVIDE FREE AND HIGH QUALITY STEM CAMPS AND WORKSHOPS TO TEACH AND INSPIRE YOUTH ALL ACROSS THE BAY AREA. WE RECRUITED A TEAM OF COLLEGE AND HIGH SCHOOL VOLUNTEERS TO RUN THE CAMPS AND THE ORGANIZATION. AT BAY AREA STEM ACADEMY, WE'RE NOT JUST TEACHING SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS WE'RE INSPIRING THE NEXT GENERATION OF INNOVATORS, PROBLEM-SOLVERS, AND WORLD-CHANGERS. OUR UNIQUE APPROACH COMBINES PASSION-DRIVEN LEARNING WITH REAL-WORLD APPLICATION, PLACING INNOVATION AT THE CORE OF EVERYTHING WE DO. VISIT OUR WEBSITE FOR MORE DETAILS: HTTPS://BAYAREASTEMACADEMY.ORG. YOU CAN FIND DETAILS OF OUR PREVIOUS SESSIONS AT HTTPS://BAYAREASTEMACADEMY.ORG/SESSIONSACB IS COMMITTED TO DEVELOPING FUNDAMENTAL BASKETBALL SKILLS AMONG LOCAL YOUTH PLAYERS AND BRINGING THE COMMUNITY TOGETHER THROUGH BASKETBALL. WITH DEDICATED PARENTS AND HIGH SCHOOL VOLUNTEERS LEADING THE WAY, WE FOSTER CAMARADERIE AMONG PLAYERS, ENCOURAGING CONNECTIONS WITH NEIGHBORS AND CLASSMATES. OUR ULTIMATE GOAL IS TO INSPIRE PLAYERS TO THRIVE AND EXCEL IN THE GAME OF BASKETBALL. PROVIDES BASKETBALL WORKSHOPS AND CAMPS TO KIDS DURING THE SUMMER FOR A VERY LOW COST. WE'RE STILL IN THE PROCESS OF SETTING UP OUR WEBSITE. HERE IS A LINK TO THE PHOTOS FROM OUR SUMMER 2024 WORKSHOP AT BRET HARTE MIDDLE SCHOOL OUTDOOR BASKETBALL COURT. HTTPS://PHOTOS.APP.GOO.GL/FPF8C64UENZ6K6QP7MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JPM$40,000$39,952
PSA$35,000$33,950
MLUMB$62,836$77,800
META$3,800$52,131
MRVL$47,759$606,794

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
BCATAT COST$36,463$34,280
BIGZAT COST$30,790$15,255
FACGXAT COST$38,585$37,154
NBXGAT COST$34,561$25,444

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (11 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
FURNITURE$1,337$1,337$0$0
FURNITURE$394$394$0$0
FURNITURE$335$335$0$0
FURNITURE$500$475$25$25
EQUIPMENT$923$923$0$0
EQUIPMENT$552$552$0$0
EQUIPMENT$219$219$0$0
EQUIPMENT$1,547$1,547$0$0
EQUIPMENT$2,048$2,048$0$0
LAPTOP$878$878$0$0
LAPTOP$1,392$1,392$0$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGE$39$0$39
DUES AND SUBSCRIPTIONS$511$0$511
FILING FEE$175$0$175
POSTAGE$24$0$24
PROGRAM EXPENSE$5,325$0$5,325
INVESTMENT FEE$65$65$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR ADJUSTMENTDesc
Amt$548Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCREDIT CARDDesc
BOY Book Value$15,389BOYBookValueAmt
EOY Book Value$16,815EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS TAXCategoryTxt
Amt$165Amt
Net Investment Income$165NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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